Nigeria Private FX Outflows Jump 165% to $16.3 Billion
Private-sector FX outflows from Nigeria surged 165% to $16.3 billion in 2025, reshaping who controls dollars in Africa’s largest economy.
July 31, 2026Topic
BRICS
Angola Launches Studies for West-East Highway Megaproject
Angola signed a US$21 million deal for feasibility studies of a 1,300-km West-East highway linking Lobito port toward the DRC...
July 30, 2026
Mozambique Caps Foreign Card Payments at US$94,000 a Year
The Mozambique card payment limit caps overseas card spending at 6 million meticais (US$94,000) a year per holder as the...
July 30, 2026
Ethiopia Copies China’s Textile Park Model to Chase Export Jobs
Ethiopia has built seven textile industrial parks, with nine more planned, as Chinese firms finance and operate most of them...
July 30, 2026
Ghana Debt Distress Ends as IMF Exits Bailout with US$371M
The Ghana debt distress upgrade: the IMF moved the country to moderate risk and released a final US$371 million, closing...
July 30, 2026
Senegal FDI Plunges to US$337 Million, Sounding Economic Alarm
The Senegal FDI collapse saw inflows sink to US$337 million in 2025, a near-90% drop, as a hidden-debt scandal and...
July 30, 2026
Meta Cash Flow Craters as Zuckerberg Doubles Down on AI Spending
Meta’s free cash flow collapsed 91% to $784 million in Q2 2026 as capital expenditure guidance rose to $145 billion,...
July 30, 2026
Strike at BAIC’s Coega plant will set a precedent, says union
The BAIC Coega strike has passed its second month, with 350 workers idle since 15 June over the gap between...
July 29, 2026
Apple Briefly Tops US$5 Trillion Market Value
Apple briefly surpassed $5 trillion in market value on 28 July 2026, becoming only the second company ever to reach...
July 29, 2026